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AXPAmerican Express Company
$320.99$216.8B
Overview & Tools
OverviewChart Terminal ↗AnalysisVisualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
AXP logo

American Express Company

AXP
NYSE · Payment Processors & Networks
$320.99
At close - Nov 6, 4:00 PM EST - USD
Market Cap$216.77B
P/E17.7x
52W High$387.49
Volume2.92M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Fee-Driven Franchise Offsets Decelerating Rate Tailwinds

American Express's closed-loop franchise appears resilient, with non-interest income holding steady at roughly 75% of total revenue and 2026Q3 EPS growth of 30.9% signaling durable pricing power among premium cardholders.

GrowthDecelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

AXP price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-18% Peers

P/E is 18% below peer median

03

Market leadership

RS 60 · Avg

Average momentum (RS Rating: 60)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 23
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue reached $22.0B in 2026Q3 with fee income contributing 75.4% of the mix, while NII growth of 10.1% marks a clear deceleration from the 20.1% rate-cycle peak, suggesting earnings momentum is shifting toward the non-interest income franchise.

Analyst Consensus+11.4% target
Hold(57 analysts)
23 Buy30 Hold4 Sell

The Bull Case

Upside Catalysts

Strong Revenue Growth Guidance

AXP's 2026 guidance projects approximately 10% revenue growth, supporting a bullish outlook.

High Return on Equity

AXP boasts a 34% return on equity (ROE), significantly above peer averages, indicating strong profitability.

Robust Capital Returns

The company has a history of substantial capital returns to shareholders, enhancing investor confidence.

The Bear Case

Key Downside Risks

Credit Normalization Risks

Concerns about credit normalization could impact AXP's growth and profitability.

Increased Competition

Heightened competition from premium cards by Capital One and JPMorgan may pressure AXP's market share.

Economic Recession Threats

A potential recession could negatively affect consumer sentiment and spending, impacting AXP's performance.

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AXP-12.90%
S&P 500 (^GSPC)+7.63%
1-Year Return
AXP-11.23%
S&P 500 (^GSPC)+9.69%
3-Year Return
AXP+116.04%
S&P 500 (^GSPC)+66.58%
5-Year Return
AXP+85.96%
S&P 500 (^GSPC)+54.89%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
17.7x
Forward P/EExpansion
17.6x
EV/EBITDA0th %ile
8.4x
FCF YieldCash Flow
6.4%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
17.7x
16.7x
60th· Fair
EV/EBITDA
8.4x
12.0x
0th· Low
Price/FCF
15.6x
9.9x
60th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$248.03-22.7%
Base (Fair)$306.45-4.5%
Bull$341.34+6.3%
$248.03 Bear$306.45 Base$341.34 Bull
Current Market Price: $320.99
Trades at a 4.7% premium to Base DCF ($306.45)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$72.23B+9.5% YoY
Net income FY25
$10.83B+7.0% YoY
Free cash flow FY25
$16B+31.8% YoY
Operating margin FY25
19.1%-0.5 pts YoY
ROIC (FY25)12%
Avg ROIC 5Y-
ROE (FY25)34%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 23, 2026
$4.68+4.0%
vs $4.50
$20.1B-0.3%
vs $20.1B
Q3 2026
Jul 24, 2026
$4.53+3.0%
vs $4.40
$19.6B-0.3%
vs $19.7B
Q2 2026
Apr 23, 2026
$4.28+7.0%
vs $4.00
$18.9B+1.6%
vs $18.6B
Q1 2026
Jan 30, 2026
$3.53-0.3%
vs $3.54
$19.0B+0.3%
vs $18.9B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·9h ago
5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% (November 2026)

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields 3.7%, we present two other groups of five DGI stocks, each with moderate to high yields of up to 8%.

Seeking Alpha·23h ago
Dividend Champion, Contender, And Challenger Highlights: Week of November 8

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

The Motley Fool·1d ago
American Express Has Cut Its Share Count by 27% Since 2016. Here's What That Did for the Stock.

American Express's diluted EPS climbed 352% from Q3 2016 to the most recent quarter. Thanks to its premium brand and powerful network effect, this business has a wide economic moat.

The Motley Fool·1d ago
Inflation Just Hit 3.7%. History Says to Own Companies That Can Do This 1 Thing.

The Consumer Price Index continues to run well ahead of the Federal Reserve's long-run 2% target. If companies are able to occasionally ask customers to pay more, they are in an elite category.

Filtered for American Express CompanyMore Headlines
04

Compare before deciding

Benchmark AXP against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for American Express Company (AXP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AXP logoAXPAmerican Express CompanyCurrent
$320.99$216.77B17.659.52%15%33.99%1.02%
V logoVVisa Inc.
$422.65$789.11B41.4411.69%52.51%64.52%0.56%
MA logoMAMastercard Incorporated
$652.70$576.71B39.5116.53%47.8%252.94%0.47%
COF logoCOFCapital One Financial Corporation
$201.87$123.84B50.0936.62%17.3%9.67%1.39%
JPM logoJPMJPMorgan Chase & Co.
$334.49$896.27B13.607.32%32.48%17.91%1.79%
BAC logoBACBank of America Corporation
$49.42$350.71B11.2511%26.12%10.69%2.56%

Compare AXP vs Peers

American Express Company (AXP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs V

Most directly comparable listed peer for AXP.

Scale Benchmark

vs JPM

Larger-name benchmark to compare AXP against a more recognizable public peer.

Peer Set

Compare Top 5

vs V, MA, COF, JPM

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AXP SEC Filings & Documents

American Express Company (AXP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 30, 2026·SEC

Material company update

Oct 23, 2026·SEC

Material company update

Oct 15, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 6, 2026·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 23, 2026·SEC

FY 2026

Jul 24, 2026·SEC

FY 2026

Apr 23, 2026·SEC

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AXP Frequently Asked Questions

American Express Company (AXP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is American Express Company growing?

American Express Company (AXP) grew revenue by 9.5% in fiscal year 2025, compared with the prior fiscal year.

Is AXP profitable?

Yes. American Express Company (AXP) earned $12.26B in net income over the trailing twelve months (a 15.8% net margin).

Dividend & Returns
Does AXP pay dividends?

Yes. American Express Company (AXP) pays a dividend that yields 1.02% at the current price, a moderate yield.

What is AXP's return on equity?

American Express Company (AXP) had a return on equity (ROE) of 34.0% in fiscal year 2025. That is well above the market's typical 10-15%.

Industry Metrics
What is American Express Company's net interest margin?

American Express Company (AXP) has a net interest margin (NIM) of 5.8%. This indicates healthy earnings from lending activities.

What is American Express Company's efficiency ratio?

American Express Company (AXP) has an efficiency ratio of 73.6%. This is higher than peers, suggesting room for cost optimization.

What if you invested $1,000 in AXP back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →